Traders Purchase Large Volume of Call Options on ProShares VIX Short-Term Futures ETF (BATS:VIXY)

ProShares VIX Short-Term Futures ETF (BATS:VIXY) was the target of unusually large options trading on Tuesday. Stock investors purchased 8,259 call options on the stock. This is an increase of approximately 240% compared to the average daily volume of 2,431 call options.

ProShares VIX Short-Term Futures ETF Price Performance

Shares of VIXY stock traded down $0.09 on Tuesday, hitting $16.93. 1,636,949 shares of the company’s stock traded hands, compared to its average volume of 3,486,586. The company’s fifty day simple moving average is $17.34 and its 200 day simple moving average is $21.99. ProShares VIX Short-Term Futures ETF has a one year low of $15.88 and a one year high of $39.33.

Hedge Funds Weigh In On ProShares VIX Short-Term Futures ETF

A number of hedge funds have recently modified their holdings of VIXY. Fluent Financial LLC bought a new stake in shares of ProShares VIX Short-Term Futures ETF during the third quarter valued at approximately $3,754,000. IMC Chicago LLC purchased a new position in ProShares VIX Short-Term Futures ETF in the first quarter worth about $1,509,000. One Plus One Wealth Management LLC raised its holdings in ProShares VIX Short-Term Futures ETF by 28.4% in the 1st quarter. One Plus One Wealth Management LLC now owns 33,447 shares of the company’s stock worth $1,149,000 after acquiring an additional 7,392 shares during the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of ProShares VIX Short-Term Futures ETF by 24.7% during the second quarter. Wealthcare Advisory Partners LLC now owns 14,999 shares of the company’s stock valued at $319,000 after purchasing an additional 2,968 shares in the last quarter. Finally, IFP Advisors Inc bought a new position in ProShares VIX Short-Term Futures ETF during the 2nd quarter valued at about $232,000.

ProShares VIX Short-Term Futures ETF Company Profile

The ProShares VIX Short-Term Futures ETF (VIXY) is an exchange-traded fund that is based on the S&P 500 VIX Short-Term Futures index. The fund tracks an index with exposure to futures contracts on the CBOE Volatility Index with average one-month maturity. Exposure resets daily. VIXY was launched on Jan 3, 2011 and is managed by ProShares.